Why Edible Garden Shares Are Trading Lower By Over 26%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Gainers
- Maxpro Capital Acquisition Corp. (NASDAQ:JMAC) shares jumped 69.6% to $15.01 after dropping 24% on Tuesday.
- Boxed, Inc. (NYSE:BOXD) gained 56.8% to $0.1882. Boxed recently said it is evaluating potentially filing for relief under the U.S. Bankruptcy Code and other strategic alternatives.
- Virgin Orbit Holdings, Inc. (NASDAQ:VORB) shares rose 49% to $0.66 following a report suggesting the company is nearing a $200 million investment through a private share placement. The company also said it will initiate an incremental resumption of operations beginning Mar. 23.
- SCYNEXIS, Inc. (NASDAQ:SCYX) surged 39% to $2.16.
- 89bio, Inc. (NASDAQ:ETNB) shares jumped 37.5% to $15.06 after the company's Phase 2b ENLIVEN trial of pegozafermin in NASH achieved statistical significance on both primary histology endpoints.
- Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) gained 35.5% to $0.9773 after dropping 13% on Tuesday.
- GameStop Corp. (NYSE:GME) shares gained 34.5% to $23.75 after the company turned in a profitable quarter for the first time in two years.
- JanOne Inc. (NASDAQ:JAN) climbed 26.5% to $1.4808 after the company announced it will sell ARCA Recycling to VM7 through a stock purchase agreement.
- Baosheng Media Group Holdings Limited (NASDAQ:BAOS) gained 22% to $5.13.
- Travelzoo (NASDAQ:TZOO) gained 21.4% to $5.56 after the company reported better-than-expected Q4 EPS and sales results.
- Athersys, Inc. (NASDAQ:ATHX) gained 21.2% to $1.43 as the company reported planned amendments to its MASTERS-2 clinical trial protocol following a Type B meeting with the FDA.
- CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) surged 16.7% to $1.5049.
- Carvana Co. (NYSE:CVNA) gained 15.6% to $9.17 after the company announced private exchange offerings relating to existing notes. The company also provided some forecasted estimates of its operating results for the three months ending March 31, 2023.
- Semler Scientific, Inc. (NASDAQ:SMLR) gained 16.2% to $25.46 after the company reported better-than-expected Q4 EPS and sales results.
- Telesis Bio, Inc. (NASDAQ:TBIO) shares rose 13.9% to $2.5175 following better-than-expected Q4 results.
- Avadel Pharmaceuticals plc (NASDAQ:AVDL) jumped 13.4% to $9.10 after the company was granted FDA authorization to import LUMRYZ into the U.S. ahead of the FDA's final decision.
- Sol-Gel Technologies Ltd. (NASDAQ:SLGL) gained 11.3% to $4.2186.
- Peraso Inc. (NASDAQ:PRSO) gained 11.2% to $0.67.
- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rose 10.5% to $58.88 after the company posted upbeat quarterly results and issued a strong FY23 financial outlook.
- The Oncology Institute, Inc. (NASDAQ:TOI) gained 10.4% to $0.74. The Oncology Institute Director Richard Barasch acquired a total of 50,000 shares at an average price of $0.55.
- Karuna Therapeutics, Inc. (NASDAQ:KRTX) rose 10.2% to $177.91 after the company announced the pricing of a public offering for gross proceeds of $400 million.
- Krispy Kreme, Inc. (NASDAQ:DNUT) gained 9.9% to $15.84 after Truist Securities upgraded the stock from Hold to Buy.
- Kalera Public Limited Company (NASDAQ:KAL) shares rose 6.6% to $3.6764.
Losers
- Luokung Technology Corp. (NASDAQ:LKCO) shares dipped 29.5% to $2.0750 after the company announced a 30-to-1 share combination.
- Edible Garden AG Incorporated (NASDAQ:EDBL) fell 26.2% to $3.02 after the company reported worse-than-expected Q4 financial results.
- Muscle Maker, Inc. (NASDAQ:GRIL) dropped 23.3% to $0.9661. Muscle Maker reported 2022 revenue of $161.7 million.
- YS Biopharma Co., Ltd. (NASDAQ:YS) fell 22% to $10.14.
- WaveDancer, Inc. (NASDAQ:WAVD) fell 21.3% to $0.3340. WaveDancer said it has sold its blockchain-enabled supply chain management software subsidiary, Gray Matters, Inc. to Gray Matters Data, whose lead investor is venture capital firm StealthPoint.
- Qutoutiao Inc. (NASDAQ:QTT) shares fell 20.9% to $0.2340. Qutoutiao shares dropped over 57% on Tuesday after the company received a letter from Nasdaq indicating it has determined to delist the company's stock. The company said it elected not to appeal the determination.
- PaxMedica, Inc. (NASDAQ:PXMD) fell 18.5% to $2.06.
- MMTec, Inc. (NASDAQ:MTC) fell 17.3% to $2.11.
- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) dipped 16% to $1.18 after the company reported Q1 financial results.
- Via Renewables, Inc. (NASDAQ:VIA) declined 16.2% to $22.25. Via Renewables recently announced a 1 for 5 reverse stock split.
- ASP Isotopes Inc. (NASDAQ:ASPI) dropped 15.5% to $0.95. ASP Isotopes recently announced $5 million private placement priced at-the-market under Nasdaq rules.
- Mangoceuticals, Inc. (NASDAQ:MGRX) dipped 14.3% to $3.43.
- Flora Growth Corp. (NASDAQ:FLGC) fell 14.2% to $0.2601.
- Cerberus Cyber Sentinel Corporation (NASDAQ:CISO) fell 13.3% to $0.3340. Cerberus Cyber Sentinel shares climbed around 68% on Tuesday after the company announced certain preliminary estimated financial information of Q4 and FY2022.
- NuCana plc (NASDAQ:NCNA) fell 12.8% to $1.4565 after jumping over 32% on Tuesday.
- Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares fell 12.8% to $0.9943. Qualigen Therapeutics shares jumped over 16% on Tuesday after the company announced the USPTO granted it patent number 11,560,380 for QN-302, its lead oncology investigational drug candidate.
- Enerpac Tool Group Corp. (NYSE:EPAC) dropped 11.2% to $24.58 following Q2 results.
- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) fell 11.1% to $9.05 after the company reported worse-than-expected Q4 EPS and issued soft 2023 guidance.
- Pear Therapeutics, Inc. (NASDAQ:PEAR) fell 10.8% to $0.2990 after surging around 60% on Tuesday. Pear Therapeutics recently said it is exploring strategic alternatives and said it may seek a reorganization if it is unable to complete a transaction.
- Impac Mortgage Holdings, Inc. (NYSE:IMH) fell 10.5% to $0.34 after jumping around 90% on Tuesday. Impac Mortgage Holdings recently reported Q4 results.
- Locafy Limited (NASDAQ:LCFY) fell 9.3% to $7.20.
- CXApp Inc. (NASDAQ:CXAI) shares dropped 8.7% to $1.67 after dropping 6% on Tuesday.
- Wave Life Sciences Ltd. (NASDAQ:WVE) dropped 8.6% to $3.8740 after the company reported Q4 sales results were lower year over year.
- Novo Integrated Sciences, Inc. (NASDAQ:NVOS) fell 7.7% to $0.1283 after gaining 37% on Tuesday.
- 2U, Inc. (NASDAQ:TWOU) fell 7.1% to $6.79. Credit Suisse maintained 2U with a Neutral and lowered the price target from $11 to $9.
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